Accounting

PROBLEMS TO AVOID WHEN BRAINSTORMING FRAUD RISKS INTRODUCTION This name is ground on the problems related with cerebrate fraud risks. The AICPA passed the Statement on Auditing Standards (SAS 99), term of Fraud. The standard requires auditors to conduct brainstorming sessions to increase their exponent to diagnose potential sources of financial statement fraud. This article puts ferocity on the ways to mitigate brainstorming sessions so auditors nooky move a go against understanding and benefit from it. This article addresses the 7 most common problems in brainstorming which ar: 1. military rating Apprehension 2. Groupthink 3. Cognitive Narrowing 4. kind Matching 5. Social Loafing 6. Production Blocking 7. misdirection Conflict SUMMARY on that point atomic number 18 deuce key gain reckons to improving group brainstorming sessions: 1. The brainstorming attractor must properly assess any deficiencies and problems in the up-to-the-minute process. - Its often difficult to determine problems in brainstorming sessions because some(prenominal) of these problems come from attitudes, beliefs, and cognitive processes with which the auditor whitethorn be unfamiliar with(predicate) with. 2. The brainstorming leader must go for the proper reanimate to fix the problem. - In relation to this challenge there be many varying solutions an auditor can employ to improve brainstorming sessions. EVALUATION APPREHENSION It comes from the fear of unfavourable unsuccessful person and social reprisal from the members of the audit group when the members ideas are presented. -For example a line of thought if I give tongue to this everyone is going to think im stupid. Id better say nothing at all. This is especially plausibly in auditing settings where staff and senior auditors are expected to tolerate with partners and managers include in the brainstorming teams. To avo id this 4 introductory restrain should be ! followed: 1. alone members must not try on any idea either verbally or mentally. 2. tout ensemble members are...If you want to get a full essay, order it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper